(Washington)

The long-awaited, and hotly contested US-North Korea summit between President Trump and North Korea leader Kim went very well yesterday. The summit lasted for hours and resulted in a commitment from North Korea to denuclearize in exchange for the US pledging security guarantees for the country. Trump said the two signed a “very important” document. Trump reported that “My meeting with Chairman Kim was honest, direct and productive … We are prepared to start a new history ... and write a new chapter between our nations”.

FINSUM: For the first time we got the feeling that North Korea has played this whole situation very slyly. They built up nuclear capabilities (probably) simply to have a better bargaining position, and it appears to be working.